Authorization to confess judgment prohibited

  1. Law
  2. Maine Revised Statutes
  3. MAINE CONSUMER CREDIT CODE
  4. REGULATION OF AGREEMENTS AND PRACTICES
  5. LIMITATIONS ON AGREEMENTS AND PRACTICES
  6. Authorization to confess judgment prohibited

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§3-306. Authorization to confess judgment prohibited

No agreement for a consumer credit transaction may contain an authorization for any person to confess judgment on any claim. No seller or lessor may take such an authorization. Any such authorization is void.   [PL 1973, c. 762, §1 (NEW).]

SECTION HISTORY

PL 1973, c. 762, §1 (NEW).


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